Employee Benefits

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When you first open your medical practice, you may not be able to offer your employees all of the benefits you’d like to. Since employee benefits can be expensive, it’s important to pick and choose those benefits that will help you secure top talent without breaking the bank. Health insurance is an important benefit that […]

Determine Employee Benefits

The Mystery Of Doctor Credentialing

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Doctor credentialing is the process by which a third party evaluates the history, qualifications, experience, and ongoing education of a practicing physician or healthcare professional. Credentialing allows insurance companies and patients to ascertain the quality of care they can expect to receive from the doctor in question. It also protects patients by verifying any malpractice […]

The Mystery of Doctor Credentialing

How to get a DEA license

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If your job will require a DEA license you will need to register for one. Start by following the on-line registration at https://apps.deadiversion.usdoj.gov/webforms/. Note that registration fees are non-refundable. Being issued a DEA license is based on successfully completing all the requirements imposed by the state in which the practitioner will conduct business and obtain […]

Setting Up a New Practice

Merchant Services – ACH Payments

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In addition to accepting credit card payments at your medical practice, you may want to accept ACH payments as well. Many merchant services providers offer ACH as an option because these types of payments are more affordable and more convenient than paper checks and debit card transactions. On average, a paper check will cost your […]

Merchant services – credit cards

How to Choose a Medical Legal Firm

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There are four important things to consider when choosing a medical legal firm to represent your practice. First, consider your level of comfort in dealing with a particular lawyer or legal team. Make sure you meet in person to assess how comfortable you feel entrusting this particular individual or group with highly personal, sensitive information. […]

How to Find a Medical Legal Firm

Retirement And Estate Planning For Physicians

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As a self-employed medical entrepreneur, it’s your responsibility to plan for your financial future. This means setting up retirement accounts as soon as you open your practice, as well as investigating your estate planning options. As an independent contractor, you have more retirement contribution options than a regular employee. Popular retirement plans for physicians include: […]

Asset Protection

What Is Money Factoring?

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How can your medical practice stay afloat when it takes 30, 60, even 120 days for your customers to pay? The truth is that until you’re running an established practice, it’s very difficult to maintain a positive cash flow. One way around this problem is a process called money factoring. Money factoring allows you to […]

Leasing Medical Equipment Vs Buying

Events

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There are two effective ways to use events to promote your medical practice: by participating in healthcare-related events in your community, and by hosting your own events at your practice. Events you may want to attend include: Medical conferences Health fairs Community meetings Charity auctions, and Volunteer activities Participating in these events positions you and […]

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